Comparable store sales for the second quarter of fiscal year 2014 decreased 2.0% in U.S. dollars and 1.7% in constant currency compared to the same period a year ago.
For Q3, Guess? expects EPS of $0.34 - $0.38 and revs of $610 - $620 million, versus consensus views calling for EPS of $0.40 and revs of $614.98 million.
The company sees FY14 EPS of $1.78 - $1.92, versus the consensus of $1.79. Guess? also sees FY14 revenue of $2.56 - $2.59 billion, versus the consensus of $2.58 billion.
We are pleased to deliver second quarter earnings that exceeded our expectations,commented CEO Paul Marciano.
The earnings not only reflect the achievement of our revenue expectations for the quarter, but also the benefits of our expense management and cost control efforts.
We are very encouraged by the improvements in the trends of our North American Retail business in the second quarter, reflecting the enhancements in our product assortments. However, the economic climate in Southern Europe continues to be challenging and we are beginning to see a slowdown in China. Therefore, although we are encouraged by our overall results in the first half of fiscal 2014, the outlook for consumer spending in Southern Europe and China remains uncertain and we are planning our business accordingly.
For earnings history and earnings-related data on Guess?, Inc. (GES) click here.